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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 88,332 $ 155,899 $ 90,398
Adjustments to reconcile net income to cash provided by operating activities, net of effects of acquisition:      
Depreciation and amortization 25,789 26,152 27,576
Stock-based compensation 1,671 8,280 6,128
Excess and obsolescence inventory reserve 501 953
Gain on sale of assets (36) (127) (52)
Deferred income taxes (5,573) 994 3,863
Changes in operating assets and liabilities:      
Trade receivables (8,413) 840 (5,236)
Inventories (21,644) (15,726) 10,624
Trade accounts payable and accrued expenses (640) (392) 7,954
Contract liability with customers 1,031 (84) (9,539)
Employee compensation and benefits (3,420) (5,433) 20,910
Product liability (584) (234) 308
Prepaid expenses, other assets and other liabilities (954) 1,217 (7,905)
Income taxes receivable/payable 1,171 (1,223)
Cash provided by operating activities 77,231 172,339 143,806
Investing Activities      
Property, plant, and equipment additions (27,730) (28,776) (24,229)
Purchase of Marlin assets (28,316)
Purchases of short-term investments (365,480) (681,940) (369,439)
Proceeds from maturity of short-term investments 406,319 602,976 377,920
Net proceeds from sale of assets 100 203 178
Cash provided by (used for) investing activities 13,209 (107,537) (43,886)
Financing Activities      
Dividends paid (42,718) (59,104) (113,896)
Repurchase of common stock (222)
Payment of employee withholding tax related to share-based compensation (3,371) (4,801) (1,297)
Cash used for financing activities (46,311) (63,905) (115,193)
Increase (decrease) in cash and cash equivalents 44,129 897 (15,273)
Cash and cash equivalents at beginning of year 21,044 20,147 35,420
Cash and cash equivalents at end of year $ 65,173 $ 21,044 $ 20,147